Fragrance posts 505% increase in full-year net profit

Singapore

FULL-YEAR net profit for Fragrance Group rose 505.3 per cent to S$48.55 million on higher turnover, other operating income and share of results of a joint venture.

Earnings per share for the year ended Dec 31, 2017, was 0.72 Singapore cents, up from 0.11 Singapore cents for FY16.

Turnover jumped 66.8 per cent to S$198.02 million on a 58.7 per cent increase in contribution from the group's City Gate project, higher rental income from its investment properties and first-time contributions from its five hotels in the Uni…